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Property Tax in Minnesota cont. <br />•How property taxes are calculated: <br /> *Estimated Market Value $333,800 <br />Less homestead exclusion ($7,200) <br />Taxable Market Value $326,600 <br />Property ’s Class Rate X 1% <br />Tax Capacity $3,266 <br />**Estimated City Tax Rate 25.23% <br />Estimated Pay 2018 City Taxes $824.01 <br />*Estimated Market Value is for a Median Valued Home in Arden Hills <br />**Estimated City Tax Rate is based on the Preliminary Levy set by Council <br />•Projected changes in 2018: <br />•Median Value home increasing to $333,800 from $308,200 (8.3% increase) <br />•County wide increase of 6.3% <br />•Commercial, Industrial and Apartments are seeing the largest gains <br /> <br />